Kentucky Statutes 279.050 – Amendments to articles
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The articles of incorporation may be amended as provided in this section at any regular or special meeting of the members of the corporation duly called upon notice of the specific purpose. The amendment shall first be approved by two-thirds (2/3) of the directors and then adopted by a vote representing not less than a majority of the votes entitled to be cast by the members present in person, or by proxy (if permitted by the bylaws) and voting at such meeting. The president of the corporation shall make triplicate originals of the amendments so adopted, each satisfying the requirements of KRS § 14A.2-010 to KRS § 14A.2-
150 and the secretary of the corporation shall attest each triplicate original. Each triplicate original shall be acknowledged by the president and the secretary before an officer authorized to take acknowledgments of deeds, and the president shall then cause them to be filed, approved and recorded in the same manner as is provided by KRS § 279.040 for original articles of incorporation, and the amendments shall take effect upon filing by the Secretary of State.
Effective: January 1, 2011
History: Amended 2010 Ky. Acts ch. 151, sec. 82, effective January 1, 2011. — Amended 1974 Ky. Acts ch. 38, sec. 4, effective June 21, 1974. — Recodified 1942
Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 883j-10.
150 and the secretary of the corporation shall attest each triplicate original. Each triplicate original shall be acknowledged by the president and the secretary before an officer authorized to take acknowledgments of deeds, and the president shall then cause them to be filed, approved and recorded in the same manner as is provided by KRS § 279.040 for original articles of incorporation, and the amendments shall take effect upon filing by the Secretary of State.
Terms Used In Kentucky Statutes 279.050
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Corporation: means a profit or nonprofit corporation formed under the laws of any state or a foreign country. See Kentucky Statutes 279.010
- Directors: when applied to corporations, includes managers or trustees. See Kentucky Statutes 446.010
- Person: means any natural person, firm, association, corporation, business trust, or partnership. See Kentucky Statutes 279.310
- State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010
Effective: January 1, 2011
History: Amended 2010 Ky. Acts ch. 151, sec. 82, effective January 1, 2011. — Amended 1974 Ky. Acts ch. 38, sec. 4, effective June 21, 1974. — Recodified 1942
Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 883j-10.